Forex Technical Analysis & Forecast 29.12.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)
EUR USD, “Euro vs US Dollar”
The EUR/USD pair is extending the ascending wave. We think, today the price may start another consolidation near the current highs. If later the instrument breaks this channel to the downside, the market may start another decline with the first target at 1.1820.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair is moving upwards; it has broken the consolidation range. Possibly, the price may continue growing with the local target at 1.3513.
USD CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair has reached the target of the descending structure and right now is consolidating near the lows. According to the main scenario, the price may break the range upwards and start another growth. The first target is at 0.9880.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair is moving downwards. Possibly, today the price may reach 112.61 and the grow towards 112.98, thus forming another consolidation range with a reversal pattern.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair is moving upwards. We think, today the price may reach 0.7828. After that, the instrument may resume trading downwards with the target at 0.7665.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair is consolidating above 57.35. If later the instrument breaks this range to the downside, the market may reach 56.55; if to the upside – start another correction towards 58.34.
XAU USD, “Gold vs US Dollar”
Gold is still moving upwards. Possibly, today the price may fall towards 1288 and then continue consolidating. If later the instrument breaks this channel to the downside, the market may move downwards and reach 1263; if to the upside – continue growing towards 1297 and then resume falling.
BRENT
Brent is moving upwards as well. Possibly, the price may break 67.00 to the upside. The target is at 68.00. Later, in our opinion, the market may start another correction towards 65.00.
RoboForex Analytical Department
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.